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Fixed Income

BGF Global High Yield Bond Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

  • Returns

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Nov 21, 2019 USD 1,202.273
Base Currency U.S. Dollar
Fund Inception Date Dec 22, 1998
Share Class Inception Date Jun 30, 2009
Asset Class Fixed Income
Morningstar Category Global High Yield Bond
Benchmark Index ICE BofAML Global High Yield Constrained (HW0C) 100% USD Hedged Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0297941899
Bloomberg Ticker MERHID2
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3T0V19
Bloomberg Benchmark Ticker ML_GHYUSDH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Oct 31, 2019 3.78
5y Volatility - Benchmark as of Oct 31, 2019 5.04
5y Beta as of Oct 31, 2019 0.996

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class D2, as of Aug 31, 2019 rated against 508 Global High Yield Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Oct 17, 2018)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Oct 31, 2019
Name Weight (%)
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 0.78
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.68
ALLY FINANCIAL INC 8 11/01/2031 0.58
GMAC CAPITAL TRUST I 0.50
BWAY HOLDING CO RegS 4.75 04/15/2024 0.47
Name Weight (%)
SBA COMMUNICATIONS CORP 4.875 09/01/2024 0.47
FREEPORT-MCMORAN COPPER & GOLD INC 5.45 03/15/2043 0.46
ALTICE FRANCE SA (FRANCE) 144A 7.375 05/01/2026 0.44
ORTHO-CLINICAL DIAGNOSTICS INC / O 144A 6.625 05/15/2022 0.44
HD SUPPLY INC 144A 5.375 10/15/2026 0.43
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
D2 USD Accumulating 28.11 -0.02 -0.07 28.18 24.93 - LU0297941899 - -
X2 USD Accumulating 11.12 -0.01 -0.09 11.15 9.80 - LU0580566189 - -
D5 Hgd GBP Quarterly 9.12 -0.01 -0.11 9.22 8.56 - LU1072327023 - -
X2 Hgd EUR Accumulating 20.69 -0.02 -0.10 20.77 18.73 - LU0147394752 - -
D2 Hgd GBP Accumulating 19.75 -0.02 -0.10 19.82 17.83 - LU0372548783 - -
D2 Hgd EUR Accumulating 18.18 -0.02 -0.11 18.25 16.57 - LU0368267034 - -
A1 USD Daily 8.00 -0.01 -0.12 8.04 7.43 - LU0171284770 - -
C2 USD Accumulating 22.66 -0.02 -0.09 22.74 20.45 - LU0331284447 - -
A5 EUR Quarterly 11.26 -0.01 -0.09 11.41 10.06 - LU1125545993 - -
C2 Hgd EUR Accumulating 13.51 -0.01 -0.07 13.57 12.53 - LU0147394596 - -
D3 Hgd EUR Monthly 5.20 0.00 0.00 5.25 4.95 - LU0827882472 - -
A6 Hgd SGD Monthly 9.86 -0.01 -0.10 9.95 9.34 - LU1830001522 - -
A8 Hgd AUD Monthly 6.77 -0.01 -0.15 6.84 6.42 - LU0871640040 - -
Class E5 Hedged EUR Quarterly 10.30 -0.01 -0.10 10.43 9.78 - LU0500207039 - -
C1 Hgd EUR Daily 5.33 -0.01 -0.19 5.38 5.09 - LU0147394323 - -
A2 Hgd EUR Accumulating 17.10 -0.02 -0.12 17.17 15.68 - LU0093504206 - -
A6 USD Monthly 6.96 -0.01 -0.14 7.02 6.56 - LU0764618640 - -
I2 USD Accumulating 28.31 -0.02 -0.07 28.39 25.07 - LU0369584726 - -
I3 USD Monthly 10.49 -0.01 -0.10 10.55 9.74 - LU0764819032 - -
E2 EUR Accumulating 21.47 -0.01 -0.05 21.73 18.63 - LU0628613712 - -
A8 Hgd CNH - 104.94 -0.06 -0.06 105.60 98.71 - LU1919856135 - -
E2 Hgd EUR Accumulating 15.44 -0.01 -0.06 15.51 14.22 - LU0093505864 - -
A2 Hgd PLN Accumulating 14.50 -0.01 -0.07 14.54 13.05 - LU0849758007 - -
D3 USD Monthly 8.10 -0.01 -0.12 8.15 7.52 - LU0827882126 - -
A1 EUR Daily 5.21 -0.01 -0.19 5.26 4.98 - LU0118259661 - -
A2 Hgd SEK Accumulating 13.53 -0.01 -0.07 13.59 12.39 - LU0797429023 - -
Class AI2 Hedged EUR - 10.29 0.00 0.00 10.32 9.95 - LU1960223250 - -
Class AI5 Hedged EUR - 10.26 0.00 0.00 10.29 10.08 - LU1960223334 - -
I2 Hgd EUR - 10.52 -0.01 -0.09 10.56 9.57 - LU1791806000 - -
A6 Hgd HKD Monthly 52.45 -0.03 -0.06 52.89 49.70 - LU0784402520 - -
A8 Hgd ZAR Monthly 90.97 -0.03 -0.03 91.54 84.88 - LU1023055319 - -
I2 Hgd CAD Accumulating 12.68 -0.01 -0.08 12.72 11.32 - LU1153585705 - -
A2 Hgd GBP Accumulating 18.71 -0.01 -0.05 18.77 16.99 - LU0567554463 - -
A3 Hgd EUR Monthly 5.17 0.00 0.00 5.22 4.93 - LU0172401704 - -
C1 USD Daily 8.20 0.00 0.00 8.24 7.62 - LU0331284363 - -
A3 USD Monthly 8.06 0.00 0.00 8.10 7.48 - LU0172401969 - -
X4 Hgd EUR Annual 8.98 0.00 0.00 9.43 8.62 - LU0984200880 - -
E2 USD Accumulating 23.79 -0.01 -0.04 23.86 21.32 - LU0171285157 - -
A2 USD Accumulating 26.34 -0.02 -0.08 26.42 23.51 - LU0171284937 - -

Portfolio Managers

Portfolio Managers

James Keenan
Managing Director, Chief Investment Officer and Global Co-Head of Credit

 James E. Keenan

Jose Aguilar
Jose Aguilar
David Delbos
Co-Head of US High Yield, Global Credit

David Delbos

Mitchell S. Garfin, CFA
Managing Director, Co-Head of Leveraged Finance

Mitchell Garfin

James Turner
Managing Director, Head of European Leveraged Finance

James Turner

Literature

Literature